Comforia Residential REIT Inc. announced that it decided to proceed with the borrowing of funds. Details are as follows: Description of New Borrowing: Long-term Loans(Term: 8-year, fixed rate): Lender: Development Bank of Japan Inc., Mizuho Bank Ltd., Sumitomo Mitsui Trust Bank, Limited., MUFG Bank Ltd., Sumitomo Mitsui Banking Corporation. Loan amount: JPY 2,600 million.

Interest rate: To be determined (Note). Scheduled drawdown date: November 25, 2022. Borrowing method: Borrowing based on a loan agreement effective November 22, 2022, with the lender stated above.

Interest payment dates: Interest payments will be made on December 30, 2022 first, the last day of each month thereafter, and the principal repayment date (or the business day immediately preceding the concerned date if any concerned date is not a business day). Principal repayment method: Lump-sum repayment on principal repayment date. Principal repayment date: November 25, 2030 (If this date is not a business day, it shall be the following business day.

If such day falls in the following month, it shall be the immediately preceding business day.). Security and guarantee: Unsecured and unguaranteed.